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San Jose Owner-User or Redevelopment Opportunity

614 Tully Road, San Jose, CA, USA
$9,850,000 25,632 sq ft Built 1979 Actual Site Photo Print This Page

Location

614 Tully Road, San Jose, CA, USA

Price: $9,850,000
Building Size: 25,632 SF
Lot Size (SF): 90,491
Price Per SF: $384
Current Occupancy: 100%
Year Built: 1979
NOI: $652,569

100% OccupiedEstablished Tenancy at this LocationHeavily Trafficked LocationHigh Income DemographicsRedevelopment OpportunityStrong DemographicsTrophy Location

The Kase Group, as exclusive advisor, is proud to present the outstanding opportunity to acquire the fee simple interest in 614 Tully Road, San Jose, CA (“the Property”). The property consists of a 25,632 sq.ft. single story office/medical building situated on approximately 2.08 acres of land. The property is an excellent owner-user opportunity in a supply constrained market or a unique redevelopment opportunity with in-place income for a developer to take advantage of while entitlements are being pursued. The property is being marketed for the first time ever to qualified buyers. The ownership will review offers as received and reserves the right to call for offers at a later date.

San Jose, the third-largest city in California, the tenth largest in the U.S., and the county seat of Santa Clara County, is located just south of the San Francisco Bay. With a population of 1,015,785, San Jose comprises a large portion of the Silicon Valley, a region home to the leading tech companies in the world including Google, Apple, and Cisco Systems. Despite the development of other high-tech economic centers throughout the world, the Silicon Valley continues to be the leading hub for high-tech innovation and development. San Jose boasts a highly educated and trained workforce, excellent quality of life, world-class research facilities, and a continually evolving history of pioneering innovation that spurs economic growth. San Jose is world renowned for its award-winning schools, such as San Jose State University, and is in close proximity to Santa Clara University and Stanford University. Today, the private sector in San Jose is dominated by high-tech related industries driving economic growth across the region. Companies enjoy a competitive advantage by establishing a presence in San Jose due to its concentration of a highly skilled, wells south-after employee base that is able to enjoy a wide array of exciting cultural, recreational, and educational opportunities while living and working in San Jose.

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presented by

Robin Santiago, CCIM Vice President of Investment Sales View profile
Jacob Abusharkh Managing Principal View profile

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